Question: Identify the false statement. Question 7Select one: A. Organizing a business entity as a corporation helps shield the business owners from the liabilities of the

Identify the false statement. Question 7Select one: A. Organizing a business entity as a corporation helps shield the business owners from the liabilities of the corporation. B. Businesses organized as Sole Proprietors generally have little or no required financial reporting obligations other than to the IRS. C. An LLC is a limited liability company. D. The SEC requires greater levels of reporting for partnerships than for sole proprietors. E. Publicly-traded Corporations face far greater reporting requirements than the typical sole proprietorship or partnership

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